Purchasing a property in UAE

1
Purchasing a Property in UAE 2021
Compare4Benefit
2
Purchasing a Property in UAE 2021

• Having own property is everyones dream.
  Purchasing property is never easy until or unless
  you make it. To find the property at great deals
  without hassle you need planning.
• As we know that all persons doesnt purchase
  property for home even some do want it for good
  investment. So with which option you should go we
  have few tips to decide for the same

• 
  Compare Best Mortgages in UAE

3
Planning for investment or home
4
Planning for investment or home

• It is the most important factor that whether you
  are purchasing the property for investment or for
  home. While purchasing for the home it becomes
  easier as compare to investment. Fall in interest
  rates
• If you are non-UAE resident and you have long
  term plan for living in UAE then you should
  purchase a home, because for long term in renting
  you will also pay a lot and you cant have a
  feeling of your home.
• If its an investment opportunity you want, then
  you need to find out which country will give you
  the best rental return.Also note  Mortgage
  rates in UAE 2021

5
Location
6
Location

• It is other important thing which should be best
  for house as well for the property purchase for
  any investment. Try to invest in the property
  area which is already developed , it should be
  near by school, Metro , shopping malls and other
  basic necessities.
• Prior to buying any property make sure you know
  of any future development plans in the
  surrounding as this can potentially affect the
  future valuation of your property.

7
How much you know about market
8
How much you know about market

• Try to check it out the Dubai market about its
  highs and lows. By that you can come to know when
  the property prices are increasing and falling.
• Best mortgage for the property purchase
• You have to check it out the mortgage rates
  which suits you.

• https//www.compare4benefit.com/all-loan/mortgage-
  home-loan

9
Compare the mortgage rates and go for the your
mortgage
10
Compare the mortgage rates and go for the your
mortgage

• The key to securing a good mortgage is to cut off
  the danger such as getting locked into a mortgage
  because of hefty transfer fees or early
  settlement fees. Its also worth remembering the
  UAE Central Bank did try and introduce caps on
  mortgage lending earlier this year. The caps on
  how much consumers could borrow were suspended
  for further consultation after the banks lobbied
  against them but those caps could be in place
  by the end of this year.

11
How much risk you can take
12
How much risk you can take

• You do everything at a risk it could be good at
  outcomes sometimes and sometimes not. The people
  who made the most in the UAEs last property boom
  took a risk and invested in what was then a very
  new property market. When you are investing ,
  invest it at good times. So, whatever your
  decision, tread carefully.
• For the foreigner who are living from a long time
  and are thinking that owing house is good option
  than renting .They have a good news . Outlanders
  can buy property at different locations in Dubai,
  Abu Dhabi and The North Emirates
• Below are the locations listed for property
  purchase in UAE
• Dubai
• If you are an outsider currently
  living in the United Arab of Emirates, Dubai law
  states that you can buy
• A leasehold property

• A freehold property in one of the 23 freehold
  areas including Al Barsha South, Emirates Hills,
  Jebel Ali , Sheikh Zayed Road , Dubai Marina and
  Palm Jumeirah.

13

• The Northern Emirates
• Outlanders can now make freehold and leasehold
  purchases in Ras Al Khaimah , Sharjah , Ajman and
  Umm al Quwain. Most of the available property
  tends to be on a leasehold basis.
• Abu Dhabi
• Non- GCC nationals ( people not from the UAE,
  Bahrin , Kuwait, Qatar, Oman or kingdom of Saudi
  Arabia ) are able to buy leasehold and freehold
  property in designated investment zones in Abu
  Dhabi , These include Yas Island, Reem Island,
  Saadiyat Island , Raha Beach , Al Reef Village
  and more
• Can expats get the mortgage to purchase property
  in the UAE?
• Expats can get a mortgage from lenders operating
  in the UAE but there are some restrictions. The
  UAE Mortgage Cap law requires non- UAE nationals
  to have a cash down payment of at least 20 of
  the property value 9 15 for UAE nationals) plus
  associated purchase costs.

14
Now the question is how you will save this down
payment ???
15
Now the question is how you will save this down
payment ???

• Do not need to worry for the same we have
  provided you some tips below
• Theres no getting around the need for a down
  payment when it comes to buying a property in the
  UAE. Unlike some areas of the world, there are no
  100 mortgages here! Expats are required to have
  at least a 20 down payment, and UAE nationals
  need 15.
• You can save money by reducing unnecessary spends
  such as you spend on malls and eating at
  restaurants or going for unnecessary gym
  partnership of 1 year .
• You should for the highest interest rate saving
  options and as we know that investing in house is
  long term investment so while on rent try to go
  for low budget property.

16

• You should go for strict monthly budget and stick
  to it and try to safe more.
• For the same you should use a mortgage broker
  because broker has good communications with the
  lenders and output will be great. It will save
  your money and he will give you many options
  according to your needs. On the other end you can
  save your time also because you dont need to go
  to various locations and call many persons.

17
References

• https//www.compare4benefit.com/blog/best-mortgage
  -rates-in-uae-2018-money-clinic/
• https//www.compare4benefit.com/blog/mortgages-dub
  ai-complete-guide/